Business & Finance

OGA looks into ExxonMobil’s delayed sale of North Sea assets
The Oil and Gas Authority (OGA), has decided to investigate the delay in Esso’s proposed sale of 13 producing fields, including Elgin Franklin, to NEO.

Orange Delta, Bluespring join forces for European-Asian offshore renewable projects
Singapore’s Orange Delta and the Dutch Bluespring have entered into a collaboration to offer a one-stop-shop for European-Asian offshore renewable energy projects.

Aramco accepts climate change challenge and joins net-zero by 2050 race
Aramco has revealed its goal to achieve net-zero for Scope 1 and Scope 2 greenhouse gas (GHG) emissions across its operations by 2050.

Siem Offshore vessel to feature Vard hybrid battery packs
Vard Electro has secured a contract to deliver its SeaQ Energy Storage System (ESS) with two battery packs and a DC link to Siem Offshore.

Saudi Arabia sets new green objectives pledging to reach net-zero by 2060
Ahead of the UN COP26 summit in Glasgow, Saudi Arabia disclosed its aim to reach net-zero greenhouse gas emissions by 2060.

People need new technical skills as sustainability takes over
How a sustainable value chain affects jobs in the sector and what are the must-have skills to realize the energy transition? Listen to what Aegir Marine’s HR manager Jaap Bernsen and Huisman’s corporate recruiter Bealien Schot have to say in a chat with our studio host Eva Brouwer.

Singapore to import offshore solar energy from Indonesia
Singapore’s Energy Market Authority (EMA) has granted in-principle approval to PacificLight Power (PLP) for the 100MW pilot offshore solar import project.

OKEA buoyed up as first oil flows from Repsol’s Yme field
OKEA has confirmed the first oil production achievement at the Repsol-operated Yme field in the Norwegian North Sea.

Wärtsilä commits to carbon neutrality by 2030
Finnish technology company Wärtsilä has revealed its “Set for 30” commitment to achieving ambitious climate targets under which it plans to become carbon-neutral in its own operations as well as to provide a product portfolio to be ready for zero-carbon fuels.

Neptune kicks off final drilling campaign on Fenja field
Oil and gas company Neptune Energy has started drilling operations on four production wells on the Fenja field in the Norwegian Sea.

Providence and Lansdowne confirm Barryroe site survey
Providence and Lansdowne confirm the site survey at the K drilling location of the Barryroe field in the North Celtic Sea is underway.

Michelin joins IWSA to boost “all-sustainable” strategy
French tire manufacturer Michelin has joined IWSA, the not-for-profit organization that promotes and helps facilitate the uptake of direct wind propulsion solutions for commercial shipping.

Achelous starts crowdfunding for floating in-stream tidal and solar platform
Achelous Energy has opened pre-registration for its crowdfunding campaign to help further develop and test the FITS, a floating in-stream tidal and solar platform.

BW Energy getting Aquadrill’s semi-sub for $14 million
BW Energy has signed an agreement with Aquadrill to buy a semi-submersible drilling rig, Leo, for $14 million, planning to repurpose it for the Kudu development.